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PBS
Dec 31, 2012 4:00pm PST
there is still a lot of work going on on capitol hill. president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but the
PBS
Dec 27, 2012 4:00pm PST
sign of a breakthrough. >> mr. obama has been talking to various congress people, looking at the pictures coming to us from the floor of the house, it does not look particularly busy. it does not look like there is a sense of urgency percolating through the system at the moment. >> president obama got back from his holiday early. the senate has convened now. they're looking to express their concern about the situation. members of the house of our as additives, which are really a key component. this is a refusal of of the republicans of the house of representatives. this is one of the key sticking point here. members of the house of representatives is not expected back here until the evening of sunday. then they can get to the president's desk and get it to cited by the end of the year. this is a tight timetable. the real sticking point seems to be the republican opinion in the house of representatives and they are not even in washington yet. >> is that january 1st deadline set in stone? are they locked into it? must it happen? presumably you have a couple of days for people in di
Search Results 0 to 1 of about 2